Kargil Vijay Diwas: Rajnath Singh lights 'Victory Flame' in Delhi - Shankar Banking Academy
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
Kargil Vijay Diwas: Rajnath Singh lights 'Victory Flame' in
Delhi
NATIONAL NEWS
DPIIT (Department for Promotion of Industry and Internal trade) to float draft national
retail policy for stakeholder review soon
The DPIIT had proposed the national retail policy to support domestic trade as part of its 100-
day action plan under the new Modi government.
According to the action plan, large-scale programme for capacity building of managers of
small businesses would be undertaken to improve productivity. The policy is expected to
benefit 6.5 crore small traders in thecountry.
The main elements of the national retail policy will be promoting ease of doing business,
licensing, direct selling, access to funds and matters related to hyper-markets. The policy will
also focus on measures to promote the growth of the retail sector, increase in digital
payments, and reducing the infrastructural bottlenecks.
The draft national retail policy will be put for reviews from all stakeholders, including state
governments. The states' view is imperative for the retail policy as the sector falls under the
ambit of Shops and Establishment Act which is implemented by the state governments.
The DPIIT, under the Ministry of Commerce and Industry, was charged with the
responsibility internal or domestic trade in February. Earlier, the commerce affairs ministry
was the nodal agency for the sector.
KSL Cleantech plans Rs 200 crore investment on electric vehicles venture
The company, which has been primarily into the solar power space for the last 10 years, is also
in talks with global firms for partnering in its electric mobility venture in areas including
product development and supply of components such as lithium ion batteries.
Kolkata-based KSL Cleantech plans to invest around Rs 200 crore in the next three
years on development of electric two- and three-wheelers and expanding
manufacturing capacity besides sales and marketing of the products.
The company, which has been primarily into the solar power space for the last 10 years, is also
in talks with global firms for partnering in its electric mobility venture in areas including
product development and supply of components such as lithium ion batteries.
Kargil Vijay Diwas: Rajnath Singh lights 'Victory Flame' in Delhi
Union Defence Minister Rajnath Singh lit the 'VictoryFlame' from National War Memorial in
Delhi.
The flame will traverse through 11 towns and cities to finally culminate at Drass, where the
flame will be merged with the eternal flame at the 'Kargil War Memorial'.
BHEL bags Rs 100-cr EPC order from NTPC to set up solar power plant
State-owned engineering firm BHEL has bagged a ₹100 crore order from NTPC for setting up
a 25 MW floating solar photovoltaic power plant at Simhadri in Andhra Pradesh.
BHEL has won an order for setting up a 25 MW floating SPV power plant on EPC (engineering,
procurement and construction) basis, at Simhadri in Andhra Pradesh. Notably, this is the
second order of floating SPV plant from NTPC Ltd, the earlier being 100 MW floating SPV
plant at Ramagundam in Telangana.
With this order, it has emerged as the largest EPC player in the floating solar PV segment in
India with a portfolio of 130 MW.
Union Ministry of Health and Family Welfare Launched ‘LaQshya’ (Labour Room Quality
Improvement Initiative)
Government of India has launched “LaQshya” (Labour room Quality improvement Initiative) to
improve quality of care in labour room and maternity operation theatres in public health
facilities. It’s a multipronged approach focused at Intrapartum and immediate postpartum
period.
To reduce preventable maternal and newborn mortality, morbidity and stillbirths associated
with the care around delivery in Labour room and Maternity Operation Theatre and ensure
respectful maternity care.
To reduce maternal and newborn mortality & morbidity due to haemorrhage, retained
placenta, preterm, preeclampsia and eclampsia, obstructed labour, puerperal sepsis, newborn
asphyxia, and newborn sepsis, etc.
To improve Quality of care during the delivery and immediate post-partum care, stabilization
of complications and ensure timely referrals, and enable an effective two-way follow-up
system.
To enhance satisfaction of beneficiaries visiting the health facilities and provide Respectful
Maternity Care (RMC) to all pregnant women attending the public health facilities.
STATE NEWS
Meghalaya becomes first state to have water policy
Meghalaya cabinet became the first state to approve a draft water policy to address water
issues, conservation, and protection of water sources in the state.
The policy intends to achieve sustainable development, management and use of water
resources with community participation. This will improve health and livelihood and reduce
vulnerability among the people. This will also assure of good governance for present and
future generations through integrated water resources management and environmental
sustainability.
Agri-Business Incubation Centre started in Chhattisgarh
An Agri Business Incubation Centre has started in Chhattisgarh. The centre has been set up by
the Union Agriculture Ministry in Indira Gandhi Agriculture University of Raipur.
Agri Business Incubation Centre is set up under the National Agriculture Development
Scheme- RAFTAAR.
The objective of the scheme is to make farming a remunerative economic activity by
strengthening farmer’s effort, risk mitigation and promoting agribusiness entrepreneurship.
Under the scheme, guidance, technology and infrastructure will be provided to youth and
entrepreneurs for start-ups in different areas of agriculture.
The Agri Business Incubation Centre in Raipur with focus on innovations, skill building and
entrepreneur’s development in agriculture and allied sectors will act as catalyst for developing
an ecosystem conducive for growth of Agri entrepreneurship in the state and foster a “start-
up” culture.
Maharashtra to come up with new biomedical science museum
The museum of India’s first biomedical research institute — the Haffkine Institute — will soon
be also known for medical science tourism, Maharashtra tourism minister Jayakumar Rawal
has announced.
Haffkine Institute is best known for creating a vaccine when the plague was reported in the
country.
INTERNATIONAL NEWS
Pakistan told to pay $6 billion fine in mining dispute
An international arbitration court has imposed $5.976 billion penalty on Pakistan for the
unlawful denial of a mining lease to a company for the Reko Diq project in 2011.
The Tethyan Copper Company - a joint venture between Chilean mining company Antofagasta
and Canada’s Barrick Gold Corporation - had filed claims before the World Bank’s
International Centre for Settlement of Investment Disputes (ICSID) in 2012 after the
Balochistan government rejected a leasing request from the company.
In its 700-page ruling, the tribunal awarded a $ 4.08 billion penalty and $1.87 billion in
interests
BANKING
Financial sector is top overseas borrower
The financial services sector, led by non-banking lenders and housing
financecompanies (HFCs), was the largest overseas borrower in April-May period of the the
current financial year amid tight liquidity conditions in the domestic market.
According to the RBI data on external commercial borrowings (ECBs), Indian corporates
raised $6.7 billion in loans overseas (including via approval and automatic routes) in the first
two months of FY20. Of the total borrowing, the share of financial sector stood at $3 billion or
45 per cent of the total ECBs.
“Tight liquidity condition in domestic markets has forced various NBFCs (non-banking finance
companies) and HFCs to explore alternate funding sources and ECB has emerged as an
alternate funding avenue,”.
RBI plans app to help visually challenged identify currency notes
The Reserve Bank of India will come out with a mobile application to help visually challenged
people in identifying currency notes as cash still remains a dominant mode of transaction.
At present, banknotes in the denominations of Rs 10, 20, 50, 100, 200, 500 and 2,000 are in
circulation, besides Re 1 note issued by the Centre.
Intaglio printing-based identification marks for helping the visually challenged in
identification of banknotes denomination are present in notes of Rs 100 and above.
The proposed mobile app would be able to identify the denomination of notes of Mahatma
Gandhi Series and Mahatma Gandhi (New) series by capturing the image of the notes placed
in front of a mobile camera.
RESIGN
S R Batliboi & Co resigns as statutory auditor for IndusInd Bank
Chartered accountancy firm S R Batliboi & Co has resigned as statutory auditor of the private
sector lender IndusInd Bank.
IndusInd Bank has appointed Haribhakti & Co as statutory auditor for the financial
year 2019-20, subject to approval from the Reserve Bank of India and shareholders.
In June, RBI banned audit firm SR Batliboi & Co, member of global auditing firm EY, for one
year from auditing bank books, after the central bank found lapses in the books certified okay
by the company.
FACTS
IndusInd CEO-Mr. Romesh Sobti
Head quarter-Mumbai
Navjot Singh Sidhu resigned as Punjab Cabinet Minister
Navjot Singh Sidhu, Congress leader, resigned as Punjab Cabinet Minister from the Amarinder
Singh cabinet. He had submitted the resignation letter dated June 10, 2019 addressed to the
then Congress President Rahul Gandhi.
On June 6, in a Cabinet reshuffle, Chief Minister of Punjab, Amarinder Singh had divested
Sidhu of the key portfolios of local government, tourism and cultural affairs and allotted him
power and new and renewable energy sources ministry. But he did not assume the new
charge.
FACTS
Capital-Chandigarh
Governor-V.P. Singh Badnore
Wildlife Sanctuaries- Abohar WLS, Bir Bhadson WLS, Harike Lake WLS, Jhajjar Bacholi
WLS, Kathlaur Kushlian WLS, Nangal WLS etc
OBITUARY
Former Bangladesh military dictator Ershad passes away
Bangladesh’s former military dictator Hussain Muhammad Ershad died on Sunday due to
complications from old age at a hospital in Dhaka
Ershad, the Jatiya Party chief and also the leader of the opposition in Parliament
SPORTS
Victorious USA debut for Vijender, clinches 11th consecutive winIndian boxing star Vijender Singh remained an unstoppable force, clinching a Technical
Knockout over the more experienced Mike Snider on his debut in the US professional circuit.
In what was to be an eight-round super middleweight contest on Saturday night, the 33-year-
old from Haryana prevailed in four rounds for his 11th consecutive victory in the circuit.
Amir khan wins WBC international welterweight title
Olympic silver medallist Amir Khan clinched the WBC international welterweight title after
knocking out Australian Billy Dib in the fourth round of his bout in the inaugural Super Boxing
League here.
Khan was undoubtedly the stronger of the two as he landed a combination of punches right
from the start, leaving his opponent on the floor with a left hook in the second round.
FACTS
Headquarters: Mexico City
President: Mauricio SulaimánYou can also read
